Dimethyl Carbonate Market Trends, Regional Outlook Competitive Analysis & Forecast by 2017-2024

According to Global Market Insights, Inc., “Dimethyl Carbonate Industry revenue, worth USD 410 million in 2015, is predicted to hit USD 738.2 million by 2024.”

The requirement for a clean, green environment is on an exponential rise. Dimethyl carbonate market is expected to gain remarkable traction pertaining to this factor. Mounting government efforts to promote green construction and minimize GHG emissions is also expected to augment industry growth.

The polycarbonate sector is also witnessing a robust expansion - it had collected a revenue of USD 14 billion in 2015 and is anticipated to hit USD 22 billion by 2024. The sector is projected to observe a huge surge owing to extensive product demand across electronics and automotive sectors and is forecast to contribute largely towards the dimethyl carbonate industry share. Evolving economies of APAC are likely to be the elite business destinations for electronics items such as smartphones, mobiles, and iphones, resulting in dimethyl carbonate industry development. Extensive product usage as a gasoline additive across the energy sector will favorably influence the business landscape.

Paints & coatings sector, which was evaluated at USD 110 billion in 2015, is projected to further boost dimethyl carbonate market size. The sector is forecast to hit USD 165 billion by 2024, subject to its rising popularity across the residential and automotive sectors. Rise in the number of construction activities across the BRICS countries will spur the growth of the paints & coatings industry which will in turn accelerate dimethyl carbonate market demand.

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Taking into consideration the regional trends, Asia Pacific dimethyl carbonate industry, which contributed to a major chunk of the overall dimethyl carbonate industry revenue in 2015, is projected to expand remarkably over the coming seven years. Escalating product preference across the automotive, paints & coatings, and electronics sectors will lead to the expansion of the business space. Indonesia, China, and India are projected to be the major revenue contributors, subject to the rise in per capita income of these regions.

U.S. dimethyl carbonate market is forecast to make substantial contributions towards North America dimethyl carbonate industry share, which was valued at USD 90 million in 2015. High spending on construction projects along with beneficial government legislations supporting large-scale infrastructural development are expected to propel the regional growth.

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Dimethyl carbonate finds applications in pesticides, polycarbonate, pharmaceuticals, and solvents. Dimethyl carbonate market share from polycarbonate was evaluated at USD 200 million in 2015 and is expected to grow enormously over the next few years. Rising demand for polycarbonate from medical, appliances, automobile, optical media, and lightning sectors will uplift the monetary gains of the business.

Dimethyl Carbonate Industry Insights
3.1. Industry segmentation
3.2. Industry Size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.4. Industry Impact forces
3.4.1. Growth drivers
3.4.1.1. Robust growth in polycarbonate industry
3.4.1.2. Increasing product demand in paints & coatings
3.4.2. Industry pitfalls & challenges
3.4.2.1. Obstructive permitting guidelines along with and difficulty associated in implementing advanced technology
3.5. Growth potential analysis
3.6. Porter's analysis
3.7. PESTEL analysis
3.8 Pricing trends
3.9 Regulatory trends
3.10 Competitive landscape, 2015
3.10.1. Strategy dashboard

View a summary and Industry Analysis Report @ https://www.gminsights.com/industry-analysis/dimethyl-carbonate-market

Market players will invest heavily in R&D activities for creating new products and increase customer engagement, thereby gaining competitive edge. Firms are looking forward to raise their production capacities and explore the market potential by establishing their presence across the untapped geographies.

Dongying City Longxing Chemical Company Limited, AkzoNobel N.V., EMD Millipore Corporation, UBE Industries Limited, Sigma-Aldrich Corporation, Tangshan Chaoyang Chemical Company Limited, and HaiKe Chemical Group are the major participants of dimethyl carbonate industry.

About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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This release was published on openPR.